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TOPIC:
QUANTITATIVE URBAN MODELS
SUMMARY
Economic activity is highly unevenly distributed across space, as reflected by the existence of cities and the concentration of economic functions in specific locations within cities, such as Manhattan in New York and the Square Mile in London. The relative strengths of the agglomeration and dispersion forces that underlie these concentrations of economic activity are central to a range of economic issues. The delicate balance between these two sets of forces helps to determine, for example, the incomes of mobile and immobile factors, the magnitude of investments, and both city and aggregate productivity. The impact of public policies differentiated by location (place-based policies) and of transport infrastructure investments, local taxation, and land regulation is crucially determined by how these policies affect the equilibrium balance between these centripetal and centrifugal forces.
Click on the links to view the three most closely related papers to the lecture: paper #1, paper #2, paper #3.
DISTINGUISHED SPEAKER
Stephen Redding is Harold T. Shapiro 1964 Professor in Economics in the Economics Department and the Princeton School of Public and International Affairs at Princeton University and Director of the International Trade and Investment (ITI) Program of the National Bureau of Economic Research (NBER). He is an International Research Associate of the Centre for Economic Performance at the London School of Economics, a Research Fellow of the Centre for Economic Policy Research, a Research Associate of the Institute for Fiscal Studies, and an International Research Fellow of the Kiel Institute for the World Economy.